Business

Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow

Adani Defence & Aerospace’s Kanpur Ammunition Complex has been awarded the SIDM Champion Award 2025 for excellence in design, manufacturing, and testing. Presented by Defence Minister Rajnath Singh, the award underscores the company’s role in advancing India’s self-reliant defence ecosystem

Gold prices fell Rs 1,649 per 10 grams over the week to Rs 1,20,770, tracking global weakness after the US Fed hinted at a pause in rate cuts and markets eyed US trade pacts with China and India.

UPI transactions rose 25 per cent year-on-year in October to 20.70 billion, with total value reaching Rs 27.28 lakh crore, NPCI data showed. IMPS also saw steady growth, as India’s digital payment ecosystem expanded under ongoing GST 2.0 reforms.

Central GST officials in Delhi have busted a Rs 31.95 crore fake Input Tax Credit fraud involving a company that claimed credit using fake invoices. The firm’s director was arrested, and investigations revealed links to multiple fictitious firms

Larsen & Toubro (L&T) has signed a strategic pact with US-based General Atomics Aeronautical Systems (GA-ASI) to manufacture Medium Altitude Long Endurance unmanned aircraft systems in India, boosting defence self-reliance and strengthening Indo-US aerospace collaboration under the Ministry of Defence’s MALE RPAS programme

Sensex and Nifty rebounded in early trade on Friday, supported by gains in TCS, ITC, and Maruti. Mixed global trends and foreign fund outflows kept investors cautious, while Brent crude eased and FIIs remained net sellers.

The rupee rose 5 paise to 88.64 against the US dollar in early trade on Friday, aided by lower crude prices and a weaker dollar. Persistent foreign fund outflows and equity market selling limited further gains in the domestic currency.

CoinSwitch’s Q3 2025 report highlights a generational shift in India’s crypto investment landscape, with Gen Z emerging as the largest investor group. Hyderabad maintains its rank as the fourth-largest crypto hub, with 70.4% of portfolios in profit, reflecting disciplined and fundamentals-driven investment strategies.

Cobrapost has alleged that Anil Ambani’s Reliance Group diverted over Rs 41,900 crore through shell entities and offshore firms. The conglomerate dismissed the charges as an agenda-driven campaign aimed at manipulating stock prices and acquiring its assets cheaply

Adani Airport Holdings Limited has partnered with AIONOS to deploy its Agentic AI platform, IntelliMate, across all Adani airports. The multilingual, omni-channel system will offer real-time, personalised passenger support through voice, chat, web, and mobile interfaces

Cobrapost has alleged that the Anil Ambani-led Reliance Group diverted Rs 28,874 crore using shell companies and offshore entities across multiple countries. The report claims funds were routed through subsidiaries and SPVs before being written off. The group denied the allegations

The Supreme Court has ruled that insurance companies cannot deny accident compensation solely due to route deviations or permit violations. The court said such technicalities cannot override justice and upheld a Karnataka High Court order directing payment to the victim’s family

Razorpay, through its Malaysian arm Curlec, has partnered with NPCI International to enable UPI payments in Malaysia. The move, announced at the Global Fintech Fest 2025, will allow Indian travellers to pay local merchants seamlessly using UPI apps.

Benchmark indices fell in early trade as weak global cues, foreign fund outflows, and uncertainty over US Fed rate cuts hit investor sentiment. The Sensex dropped 298 points and Nifty 90 points, while Asian markets traded mixed.

The rupee fell 21 paise to 88.43 against the US dollar on Thursday amid a stronger greenback after Fed Chair Jerome Powell said a December rate cut is not certain. Weak equities and FII outflows added to the pressure.

Gold and silver prices tumbled on MCX after the US Fed’s 25 bps rate cut, with gold down 1.51% and silver 0.97%. Caution over future rate cuts and easing safe-haven demand weighed on prices.

Telangana has emerged as a national leader in the services sector, with NITI Aayog attributing its success to sustained policy efforts under the BRS government. The State’s GSVA in services rose sharply over the decade, driven by Hyderabad’s tech and innovation ecosystem.

Central Bank of India MD and CEO Kalyan Kumar addressed staff in Hyderabad, urging a strategic shift in the bank’s loan portfolio from retail and MSME sectors towards corporate lending. He highlighted the impact of repo-linked loans on net interest margins, which have declined over the past year.

SBI Mutual Fund has invested Rs 100 crore in Lenskart ahead of its Rs 7,278-crore IPO opening October 31. The pre-IPO deal slightly reduces promoter Neha Bansal’s stake, adding to recent investments as the eyewear firm prepares for a November 10 market debut

SEBI has proposed significant reforms to mutual fund cost structures, including steep caps on brokerage fees, clearer TER disclosures separating taxes, optional performance-linked fees, and shifting NFO expenses to AMCs, aiming to boost transparency and investor benefits

The rupee traded in a narrow range against the US dollar on Wednesday as support from firm domestic equities was offset by month-end demand. Traders said RBI interventions and global central bank meetings kept the currency’s movement range-bound.

Sensex and Nifty rebounded in early trade, tracking global gains and expectations of a US Federal Reserve rate cut. Strong foreign fund inflows boosted market sentiment, with major Asian indices trading higher, though select domestic stocks lagged amid ongoing volatility

BRICS nations’ push to trade in local currencies reflects frustration with dollar dominance and signals a shift in the global monetary order